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US Non-Farm Payrolls Report Shows Job Gains as Dollar Weakens

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5 meses ago

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The latest US Non-Farm Payrolls report revealed a gain of 180,000 jobs in June, indicating a slight decrease from the previous month. The report, closely monitored by the Federal Reserve, showed signs of a rebalancing in the labor market.

Expected data from the Bank of Canada suggested a job addition of 25,000 in June, signaling a stabilization in the Canadian labor market. The recent focus on wage growth poses a crucial factor for the future economic outlook.

Market reactions were notable as the USD/JPY surged above a critical 160.00 barrier, reflecting market confidence in achieving new highs. Meanwhile, Bitcoin and Ethereum experienced volatility, with prices shifting and testing key support levels in the cryptocurrency market.

Rachel Adams

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